Food exports surge 22.7 percent to reach $1.514 billion

ISLAMABAD: The exports of food commodities surged by 22.73 percent during the first five months of the current fiscal year to reach at $1.514 billion, Federal Bureau of Statistics (FBS) reported.

The overall food exports were recorded at 1.514 billion during July-November (2011-12) as compared to the exports of $1.233 billion during July-November (2010-11), according to FBS figures issued.

The food products that contributed to positive growth included fish and fish preparations, exports of which increased from $106.742 million last year to $125.959 million during the first five months of this year, showing an increase of 15.83 percent.

Exports of fruits also increased by 13.94 percent from $77.753 million to $88.595 during the period under reviews, showing positive growth of 13.94 percent, the data revealed.

Exports of vegetables and tobacco increased by 28.47 percent and 27.62 percent respectively during the period under review.

During the month of November 2011, the food exports witnessed negative growth of 25.85 percent and 6.93 percent when compared to the exports of October 2011 and November 2010 respectively.

The overall food exports during November 2011 were recorded at $223.360 million against the exports of $301.246 million in October 2011 and $239.984 million in November 2010, the data revealed.

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